Identifying AML Suspicious Transactions

How to Report a Suspicious Transactions

The inability of compliance or money laundering reporting officers not to be able to detect suspicious transactions out of several other transactions or what to do next with such transactions is what this course is about. An in-depth examination of what suspicious transactions are, what staff should know about STRs, the responsibility of staff, types of red flags among other topics were covered.

This course seeks an audience of

  1. Compliance Officers, Money laundering reporting officers (MLRO),
  2. Fraud and Internal audit, Investigators, AML trainees
  3. Tellers, front desk officers,  operations, ICT/HR support staff

And as a prerequisite, student, should have a basic understanding of anti-money laundering processes

At the end, the student will be able to:

  • understand how to identify suspicious transactions,
  • have an understanding of how to manage suspicious transactions.
  • Know how and when to report STRs to the FIU,
  • explain what constitutes a suspicious transaction,
  • know How to define Suspicious transactions correctly
  • understand simple, but essential tips on how to mitigate red flags when identified.
  • Know how to handle a client after reporting their suspicious transaction.

Course content include...

2 Videos
4 Texts
Samuel Aremu
Samuel Aremu
Senior Instructor

About the instructor

A Certified Anti-Money Laundering Specialist (CAMS) with a Postgraduate degree in Strategic Intelligence & Criminal Justice. He has a broad knowledge of the private and public sectors in evaluation, project financing, and development.

Mr. Samuel has been a driver in the AML/CFT regime in Nigeria and West Africa and has trained and mentored over 500 students and staff of several Financial and Designated Non-Financial Institutions in Nigeria and West Africa. He has also participated in regional and international Fora on Anti- Money Laundering / Combating the Financing of Terrorism. He contributed to developing effective AML/CFT risk methodologies and controls for monitoring money laundering/terrorist financing threats within the financial sector. He is also a certified examiner, World Bank Institute trained facilitator, Member, International Association of Law Enforcement Intelligence Analysts (IALEIA), and an Associate, Certified Fraud Examiner (ACFE).

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